Real Estate Archives | Devact
Posted in Insurance Claim, Real Estate on Tue June 18, 2019
A week later, residents along the Catawba River and Mountain
Island Lake continue their dry-out and clean-up. By many meteorologists’
accounts, the area experienced a forecasted large rain even last Friday through
Sunday (June 7-9) that ultimately, after the release of waters by Duke Energy
on the southern end of Lake Norman, caused a sudden, rapid, and unprecedented
surge of water south down the Catawba River. Coastal residents living along
Mountain Island Lake and the Catawba River south of Mountain Island Lake
experienced rises in water in excess of 10 feet over a few hour period.
Continue reading Was the Catawba River and Mountain Island Flooding Avoidable?
Posted in Dangerous Trees, Insurance, Real Estate on Fri April 21, 2017
One of the most beautiful sights in our southern cities are the awe inspiring large trees that line many of our streets. Yet, these majestic beauties mask a hidden danger. As leaves begin to appear on large oaks and other deciduous trees, strong winds have more of an increased impact on the stability of the tree than in the winter when there are no leaves. This is called the “sail effect” because the leaves catch more of the wind and create more stress on the trunk and root system.
Continue reading Danger in the Trees
Posted in Condemnation Cases, Eminent Domain, Real Estate on Fri April 14, 2017
In the first two articles, which you can read here and here, we explained the concept of condemnation and methods of determining the value of your property. We now need to look at the cost of a condemnation proceeding.
Out of Pocket Eminent Domain Costs
As a general rule, the cost of obtaining an appraisal is not recoverable. So you have to weigh the cost of employing an appraiser versus the amount you might be seeking.
Continue reading Condemnation (Eminent Domain) Part III
Posted in Condemnation Cases, Real Estate on Fri April 7, 2017
Last time, we began to discuss the condemnation process. As we explained previously, if you and the condemnor (the entity taking your property) cannot agree on the reasonable value of the property, the condemnor will proceed with the filing of a condemnation action and will instantly become the owner of the property they are seeking. But, the condemnor has to deposit with the court the amount of their last offer, or the amount the condemnor reasonably believes is just compensation for the taking.
Continue reading Condemnation (Eminent Domain) Part II
Posted in Condemnation Cases, Real Estate on Fri March 31, 2017
Condemnation (sometimes called eminent domain) is the right of the government (or sometimes a private utility company) to take a person’s property for the better good of the public. The property owner rarely welcomes the taking of one’s property. Examples of condemnation actions would be the need for the Department of Transportation to build roads, or a county to build a school, storm water or sewer system. In Charlotte, North Carolina, many properties are being taken for the light rail projects.
Continue reading Condemnation (Eminent Domain): What You Need To Know
Posted in Real Estate on Tue August 2, 2016
Whether you are purchasing your first property or your fifth, you will likely find yourself facing some form of dispute. The dilemma could center on environmental issues, boundary disagreements or contract disputes. One type of legal action that might confuse individuals is “quiet title.”
Real estate laws can be complex and many individuals don’t realize that even a small paperwork snafu can throw the entire transaction into disarray. It is not uncommon for title searches to uncover issues that must be resolved before the transaction can proceed.
Continue reading What don’t you know about quiet title actions?